Step One – Goals and Objectives
During this meeting we seek to gain an understanding of your needs and aspirations as well as introduce our business, services (see FSG) and our philosophies in relation to financial management.
We will then collect information regarding your current financial position including your financial structure, cash flow and personal balance sheet. (Click here for what to bring to your first appointment).
Step Two – Documentation
During this meeting we will present our recommendations to you through a Statement of Advice (SoA) document. This document outlines our recommendations, why they are appropriate and the costs associated with implementing the advice with Entrust.
As part of the SoA document you will be provided a Managed Discretionary Agreement (MDA) which provides the investment parameters in which we will operate your investment portfolio. This agreement is required to be renewed each year, based on a review of your personal circumstances.
Step Three – Implementation
The implementation of your strategy will, where required, be undertaken in liaison with your other existing advisers such as Accountants or Lawyers, where the strategy requires their input.
Where you have existing investment holdings which you wish to transfer to your Entrust account, our Portfolio Team will arrange to obtain cost base information and have the securities lodged under your account. The portfolio team will also establish a cash account and provide banking details from which cash withdrawal and deposits can be made.
Step Four – Review
Your portfolio is under ongoing active management. However we also ensure that there is an annual review process. At this point in time Entrust will seek to update your financial position, goals and objectives, as these can change over time.
Together with the review on investments, we will (where applicable), re-evaluate your asset and cash flow structures to ensure recommended strategies remain effective going forward. We may also review estate and wealth protection strategies to ensure they remain relevant to either your changing needs or new legislative landscapes.
